Pulses traders demand ban on import quota in 2018-19
Ram Gopal Yadav (8 years ago)

With prices of most pulses ruling below the minimum support price levels, processors and traders have demanded the government to stop even the restricted imports by end of March. India has imposed a quota of 5 million tonnes on annual import of pulses, which if not terminated, will add to the already mounting stocks in the country. Export of pulses, which was not allowed for more than a decade, was also freed up last year. However, both measures did not help much to support domestic prices.

Soybean down in Indore on low demand from crushers
Ram Gopal Yadav (8 years ago)

Soybean prices in Indore were down because of lower demand for the oilseed from crushers for production of its derivatives, particularly soymeal. The most active April futures on the NCDEX were down 2.4%. Rajfed announced to purchase mustard, chana, wheat at support price.

NCDEX mustard down 1.7% as arrivals likely to spike
Ram Gopal Yadav (8 years ago)

Futures contracts of mustard seed fell 1.7% on the NCDEX due to expectation of a spike in crop arrivals. The most active April futures contract was down 1.7% at 4,167 rupees per 100 kg. Output in Uttar Pradesh and Madhya Pradesh is expected to be higher than estimated.

Tur prices down in Kalaburagi on weak demand
Ram Gopal Yadav (8 years ago)

Prices of tur fell in Kalaburagi, a key market, despite a decline in arrivals due to subdued demand from millers. Supplies are usually higher on the first day of the week and decline as the week progresses.

Australia’s chickpea exports drop 22pc over January
Ram Gopal Yadav (8 years ago)

Australia’s January chickpea exports at 62,781 tonnes dropped 22 per cent from the revised December total of 80,161 tonnes. The drop reflects the impact of the tariff imposed by India in December, which saw January sales to that market total 675 tonnes, down from 21,000 tonnes in December and 185672 tonnes in november.

Maharashtra begins online farmer registrations to buy chana at MSP
Ram Gopal Yadav (8 years ago)

The Maharashtra government has started online registration of farmers for the purchase of chana at the minimum support price (MSP). Chana prices have been sluggish and hovering between Rs 3,300 per quintal and Rs 3,500 per quintal in the market, while the MSP has been fixed at Rs 4,250 per quintal with a bonus of Rs 150 per quintal taking the total price to Rs 4,400 per quintal. The government has set up around 185 procurement centres in the state. The Centre has decided to procure some 3 lakh tonne chana under the Price Stabilistation Scheme ( PSS) from the state and begun the online registration process for farmers from last week onwards. Chana procurement is expected to continue till May 29.